We will see...
Update: Historic night
At midnight DC time, 9:00PM PST President delivered an address to the nation for 15 minutes followed by the Speaker of the House of Representatives Jonh Boehner for 5 minutes.
From Washington Post:
By the time they finished, it was clear why Republicans and Democrats are no closer to agreement.
In an address Monday night, Speaker John Boehner said Republicans were up to the task of solving the debt crisis, adding that he hoped President Obama would join them in their effort.
From their vantage point, the president continues to hold the high ground in public opinion. Many more Americans support an agreement that includes spending cuts and some new taxes to one that cuts only spending. Monday’s speech was a way to reinforce that message and to bring new pressure on Congress to find a compromise.
Boehner, not wanting to give the president a free shot at the American people, quickly demanded time for a response and his own shot of describing the impasse. As he prepares to try to push his plan through the House and, he hopes, the Senate, he must continue to work toward avoiding default while reassuring his conservative base.
No one is quite certain how the next few days will play out, even though time is running short. For now, both Boehner and Reid will attempt to test their strength in their respective chambers. Boehner has seen some rebellion among his most conservative members, a sign of the hold the tea party movement continues to have on his party. That still is the biggest obstacle he must overcome.
But Boehner’s real test will come when Republicans try to corral Democrats for a vote in the Senate. The speaker expressed confidence Monday night that his plan was the only thing out there that could pass in both chambers, but that may be more boast than reality. Only when it is shown that neither Boehner’s nor Reid’s plan can get out of Congress can real negotiations for a compromise begin.
The dueling speeches probably did little to sway votes on Capitol Hill. Instead, the president and speaker used their respective platforms to try to shape public opinion and, in the president’s case, to use his bully pulpit to bring pressure on lawmakers to make the kind of deal he supports.
Obama, having been dealt out of the direct negotiations by Boehner, used his time to castigate Republicans for their obstinacy. He accused Republicans of blocking a balanced solution that would cut spending, raise taxes and reform entitlements, all in the name of shaving $4 trillion off projected deficits.
“The only reason this balanced approach isn’t on its way to becoming law right now is because a significant number of Republicans in Congress are insisting on a cuts-only approach,” he said.
